USD/CAD: Dueling Jobs Report Disappointments, Bears May Target 1.21 Next
Traders are still weighing which of the two abysmal jobs reports was worse, but the technical picture is far clearer… Two jobs report duds It was a proverbial “shootout at the 49th parallel” with both the US and Canada releasing...
Forward Guidance: Capacity Pressures Weigh on Manufacturers; Vaccinations Accelerating
Statistics Canada already provided a preliminary estimate that manufacturing sales bounced back a sizeable 3.5% in March (after a 1.6% February pullback) as curtailments on auto production related to the global semi-conductor shortage eased. Those disruptions pushed finished motor vehicle...
Week Ahead – US and UK Data to Lead Quiet Week as Dollar Can’t Make Up its Mind
After plenty of excitement from central banks and top-tier economic releases in the past couple of weeks, things will take a backseat over the next seven days. The slower news pulse could give way to some sideways action in currency...
April US Payrolls: Consensus Expects A Stellar One Million Net Job Growth
Markets Sterling lost ground on the big day. The Bank of England slowed its weekly asset purchase pace, acknowledging the vaccine-boosted economic recovery. Simultaneously, by doing so, they hold off pressure to start tightening interest rates as the QE end...
BoE Slows Pace of QE but Pound Yawns
In Thursday trade, the pound lost ground but has recovered. In the North American session, GDP/USD is trading at 1.3898, down 0.02%. BoE to slow pace of QE The Bank of England announced at its policy meeting that it would...
GBP/USD: Could BoE Trigger Break Of 1.4 Handle?
The focus is turning to the Bank of England with the central bank meeting due at 12:00 BST. Investors will be wondering whether Andrew Bailey and his MPC colleagues will start turning more hawkish amid improvement in data and ongoing...
British Pound Steady, BoE Meeting Next
After starting the week with strong gains, the British pound has settled down. In the North American session, GDP/USD is trading at 1.3900, up 0.09% on the day. The British economy continues to perform well, as the recovery is gaining...
April Nonfarm Payrolls to Glide Higher, but Dollar has Other Matters to Care
US Nonfarm payrolls will probably put on another spectacular show this Friday at 12:30 GMT, mirroring a blossoming economic recovery as the ultra-easy monetary and fiscal policies combined with the rapidly growing vaccination rollout are brightening up the landscape out of the health crisis. This euphoria,...
Scottish Elections & GBP
Voters in Scotland will head to the polls on Thursday for the Scottish Parliamentary elections. This could mark the start of a renewed push towards Scottish independence. But that doesn’t necessarily mean that the Pound will see a strong reaction....
Record Trade Deficits, Markets on Edge, Crude Higher, Gold Steady Despite Strong Dollar
Investors are a little unsure on how to navigate the next couple of quarters of roaring US growth that is unlikely to be reciprocated by the rest of the world. Today’s massive record setting trade deficit will likely only get...
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